Singapore legislation
Regulation 8
of Work Injury Compensation (Saving and Transitional Provisions) Regulations 2020
Regulation 8
Priority of debts
Subregulation 1
Where an employer is adjudged bankrupt on or after 1 September 2020 pursuant to a bankruptcy application made before 30 July 2020, section 29(5)(a) of the Act applies as if it refers to section 90 of the Bankruptcy Act (Cap. 20) as in force immediately before 30 July 2020 instead of section 352 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018).
Subregulation 2
Section 29(5)(b) of the Act applies as if it refers to section 328 of the Companies Act (Cap. 50) as in force immediately before 30 July 2020 instead of section 203 of the Insolvency, Restructuring and Dissolution Act 2018 in relation to an employer that is wound up on or after 1 September 2020 pursuant to —
an order for a winding up of a company made under section 216(2)(f) of the Companies Act before 30 July 2020;
an application for winding up made under section 253 of the Companies Act before 30 July 2020;
an application made before 30 July 2020 for the winding up of an unregistered company under section 351 of the Companies Act;
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before 30 July 2020;
an application for winding up arising from a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before 30 July 2020; or
an application for winding up arising from an application made before 30 July 2020 for recognition of a foreign proceeding under Article 15(1) of the Tenth Schedule to the Companies Act.
Subregulation 3
Where a receiver or manager is appointed, or possession is taken, of the property of an employer (being a company) or the property in Singapore of an employer (being any other corporation) before 30 July 2020, section 29(5)(c) of the Act applies as if it refers to section 226 of the Companies Act as in force immediately before 30 July 2020 instead of section 86 of the Insolvency, Restructuring and Dissolution Act 2018.